UPDATE 19 DEC According to Buenos Aires News and other sources, Colombia's justice system has fined Brazil construction and engineering giant Odebrecht $250 million, having found the firm guilty of corruption to secure contracts. The company is also banned from tendering for state contracts in Colombia for ten years. According to the Buenos Aires News coverage, Odebrecht is suspected of paying out around $750 million to win government and near-government ...
- Опубликовано:
- 12.07.2017 01:32:13
In most countries the first-best mechanism of political choice, i.e. fair and competitive elections, is unfeasible. Thus, citizens are left to choose from either participating in rigged elections whose outcome is likely distorted in favor of incumbents, or resorting to protests to force a policy change or overthrow the government. I am wondering if there are circumstances in which mass action could lead to more desirable social outcomes than moderately unfair elections, and below I give a brief answer...
- Опубликовано:
- 02.03.2014 23:51:00
Corruption is commonly perceived as a threat to social welfare, but it is not always true. In many situations, as I am going to show, corrupted behavior of individuals can allow for more efficient resource allocations than the law-abiding strategy. To ...
- Опубликовано:
- 24.12.2013 17:48:00
... become increasingly dynamic in dozens of nations due to a state policy of “going-out”, which is a result of a stagnating domestic output, increasing demand and the Malacca Dilemma. Moreover, these majors favour unstable states with high corruption as this way competition from international oil firms is minimised which allows 'strongholds' to be build. Essentially, they follow an altered business culture, as they do not have shareholders in a common sense, which allows ...
- Опубликовано:
- 08.10.2013 14:58:00
... experienced very little fighting, albeit some heated exchanges had took place as Western media reported. At most, I was told it consisted of small skirmishes in the pre-election.
A “sexy” topic about any developing nation in academia is corruption and I could not refrain from finding out more. Interestingly, corruption in the way that we interpret it almost does not exist. Essentially, local and state governments do not take bribes or demand them as they do elsewhere, but what everyone ...
- Опубликовано:
- 29.08.2013 00:02:00
